Bybit Closes 'ETH Gap' as Exchange Replenishes $1.4B Hole After Hack
Bybit has returned to a 1:1 backing of client assets and has fully closed the “ETH gap” it faced after an unprecedented $1.4 billion hack hit the exchange. Address activity suggests more than $400 million were purchased through over-the-counter trading, with another $300 million brought directly from exchanges.
According to Bybit's holdings, that amounts to $1.5 billion in cryptocurrency that was stolen from Bybit and its customers, ...
Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf ...
Ben Zhou, the CEO of the recently hacked crypto exchange Bybit, suggested a possible Ethereum (ETH) rollback as a way to ...
Ether ( ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from ...
The Singapore-based crypto exchange Bybit is offering a large bounty for information that could lead to the recovery of the ...
The Best Wallet presale hit $10.5 million, extending a streak of surging investment as the Bybit hack underscored the need ...
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Ethereum Under Pressure – Bybit Replenishes $1.23B ETH Reserves, Stolen Funds May Head to MixersEthereum (ETH) fell over 4% on Monday despite showing weekend resilience, as fallout from Bybit’s record $1.5 billion hack ...
Overall, the crypto community is reassured by Bybit’s ability to manage over $6 billion in withdrawals following the hack.
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